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The July news roundup brings a wealth of retirement-related advice, from tips on discussing retirement with your partner to considering how inflation can impact your portfolio, and more.

The team has also been musing on children and personal finance this month, and several articles cite Mosaic on covering smart planning tips for expectant parents as well as tips for money matters that can crop up with adult children.

Read on for the thoughtful details:

Forbes / July 31, 2018

When it comes to planning for retirements, financial advisors have seen clients with good habits, and clients with bad tendencies. Kate Ashford presents a roundup of feedback from financial planners on what many people they’ve encountered don’t often realize about retirement. Kevin Gahagan weighs in, framing retirement from a longevity angle:

“Many retirees simply don’t want to consider what extended old age may mean in term of lifestyle and expense. Today, in the absence of other client information that might influence our projections, our long-range planning assumes living to 95 or beyond. Better health habits and continued advances in medical science all play a part in this thinking. Early planning to consider future care needs and living circumstances is essential. The need for assistance and or care will arise.”

AP News / July 9, 2018

Liz Weston reports for Associated Press on how parents have supported many a grown child's business, only to be repaid by endangering their own retirements and darkened family dynamics. Steve notes that estate planning can help lighten the relationships between siblings down the line:

Parents don’t have to make equal distributions to each child, but may want to consider accounting for money in their wills or other estate plans. If a loan isn’t paid back, for example, it could be deducted from that child’s inheritance, says Steve Branton, a CFP®in San Francisco.

Investopedia / July 8, 2018

Returns after inflation are what matter. Writer Amy Fontinelle interviews Kevin on how inflation impacts a retirement portfolio’s returns; he is quoted throughout the piece and helps the reader walk through steps to understand the real rate of a portfolio’s return.

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